The cheap British Gas energy tariff that could save you £260 a year

HOUSEHOLDS can save up to £260 a year on their gas and electricity bills with a cheap British Gas deal – even if they’re already a customer.
Today, millions of households will see their energy bills go up by £117 on average as providers push up bills inline with Ofgem’s new price cap.
Alamy You can save up to £260 a year on gas and electricity bills with a cheap British Gas deal
Bill payers are forking out £1,254 a year for their energy but British Gas is offering new and old customers the chance to slash payments by hundreds of pounds.
The British Gas Energy Plus Boiler Cover March 2020 tariff costs £1,020 on average and prices are fixed for a year.
You’ll cut annual bills by £234 but you can boost the amount you save by getting £25 cashback to switch supplier via MoneySavingExpert’s Cheap Energy Club link.
The consumer website will take a commission from the supplier if you do but the cashback will bring your savings to £259 a year.
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Switch and save an average of £219 – Use comparison sites such as MoneySuperMarket.com or EnergyHelpline.com to find the right deal for you
Set a reminder – After 12 months your fixed deal will come to an end and you may move on to what’s called a “standard variable tariff” which could be significantly higher. Make sure you’re ready to look for a new deal in 12 months, or…
Sign up to Switchcraft, get £5 cashback and never worry about switching again – New free-to-use automatic energy switching service Switchcraft moves you on to the right energy deal. It then searches for better ones once you’re signed up and moves you onto them automatically at the end of your plan. Sign up here.

A fiver will be paid into your bank account within four months of completing the switch. prepayment meter customer customers will receive a £5 Amazon voucher. Open to those 18 and over. UK residents only. Click here for full T&Cs.

It’s the cheapest deal from one of the Big Six providers, such as NPower, EDF Energy, E.ON, Scottish Power, SSE.
The tariff includes free basic boiler cover for a year too which could save you another £60 on average on insurance.
Existing customers who are already on a dual-fuel deal with the provider and want to ditch and switch their current deal, won’t have to pay an early exit fee either.
You will need a smart meter though so it is important to get one installed before you cash in on the savings.
Ofgem video explains how the energy safeguard tariff or price cap works
Customers will be locked in until March 31, and even though you can switch away at any point, you’ll face a £30 early exit fee for doing so.
Another bonus is that you can take the tariff – not the boiler cover – with you if you move house mid-term.
Before taking the plunge, it’s worth noting that you can actually save even more cash by switching to a smaller energy supplier.
But this isn’t always recommended because, as MSE warns, sometimes they offer cheap deals to build the business but they’re not always sustainable and run a risk of going bust.
If your supplier does collapse, then Ofgem’s safety net will see your tariff shifted to another provider meaning you’ll never have to go without energy.
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So far this year, three small energy firms – Our Power , Economy Energy and Brilliant Energy – have collapsed, while nine others ceased trading in 2018.
Households could save even more if they switched to Bulb, with over one million customers, and costs £950 a year for its Vari-Fair deal.
It’s the cheapest SVR deal available right now but unlike a fixed tariff, it could change at any point which will eat into your savings.
And it’s not just energy bills that go up from today – here’s a round up of all the price hikes that come into effect and how to avoid them.

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